Financial Incentives

Year after year, North Carolina is recognized as having the No. 1 business climate in the nation by offering companies distinct business advantages to support their continued success.

Energy-saving discounts

Duke Energy offers a variety of rates for business and industry. We have small, medium and large general service schedules including time-of-use choices. Additionally, a number of economic development riders are available for qualifying customers to reduce costs even further.

We also help businesses manage their energy bills by offering incentives for energy efficiency improvements that include new construction or retrofit projects. Learn more about our Energy Efficiency for Business program.

State tax credits

  • Article 3J Tax Credits – qualifying businesses receive tax credits for job creation, investment in business property and in some cases investment in real property.
  • Technology Development (Article 3F) Tax Credits – available for qualified North Carolina research expenses during a taxable year.
  • N.C. Ports Tax Credits – credit toward income taxes paid by businesses or individuals using port facilities at Morehead City and Wilmington.
  • Renewable Energy Tax Credits – 35 percent tax credit of the cost of renewable energy property.
  • Interactive Digital Media Tax Credit - tax credit provided for developing interactive digital media

State incentive programs

  • Job Development Investment Grant – limited number of cash grants for new and expanding businesses providing economic benefits to the state and needing the grant to carry out the project in North Carolina.
  • One North Carolina Fund – grants for job creation and/or retention combined with local government matches.
  • Site and Infrastructure Grant Fund – assistance for site development and infrastructure improvements for very high-impact projects.
  • Job Maintenance and Capital Development Fund – limited number of grants for businesses with at least 2,000 employees in Development Tier 1 counties that invest at least $200 million in capital improvements.
  • Other cost savings programs are available for qualifying projects.

Source: N.C. Department of Commerce

For more information, contact us.

South Carolina is dedicated to providing one of the nation's most pro-business tax and incentive structures, creating a favorable environment where companies can grow and prosper.

Energy-saving discounts

Duke Energy offers a variety of rates for business and industry. We have small, medium and large general service schedules including time-of-use choices. Additionally, a number of economic development riders are available for qualifying customers to reduce costs even further.

We also help businesses manage their energy bills by offering incentives for energy efficiency improvements that include new construction or retrofit projects. Learn more about our Energy Efficiency for Business program.

State tax advantages

  • Low 5 percent corporate income tax rate and no local corporate income tax
  • No state property tax
  • No inventory tax
  • No sales tax on manufacturing machinery, industrial power or materials for finished products
  • No wholesale tax
  • No unitary tax on worldwide profits
  • Favorable corporate income tax structure

State incentive programs

  • Jobs Tax Credit – significant income tax reductions based on job creation
  • Job Development Credit – discretionary, performance-based company rebate for approved project expenditures
  • Economic Impact Zone Investment Credit (EIZ) – one-time credit against a company’s corporate income tax of up to 5 percent of a company’s investment in new production equipment
  • Corporate Headquarters Credit – 20 percent credit based on the cost of the dedicated headquarters facility or direct lease costs for the first five years of operation
  • Research and Development Tax Credit – credit equal to 5 percent of the taxpayer’s qualified research expenses in the state
  • Economic Development Set-Aside Program – assists companies with road or site improvements and other costs related to business location or expansion